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2h ago

Argentine Banks Trim 30-Day Plazo Fijo Rates as Offers Range From 30% to 48% TNA

Central bank data show a sharp retreat from early‑September highs, leaving pronounced gaps between online and in‑branch returns.

El plazo fijo sigue rindiendo con las tasas elevadas.
Las tasas bajaron considerablemente tras las elecciones bonaerenses, donde perdió el gobierno de Milei y subió el dólar
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Overview

  • By September 22, most 30‑day deposit rates cluster near the low‑40s with a system average around 43% TNA, according to the BCRA comparator and bank tables.
  • Published snapshots list Banco Voii at 48%, Meridian at 46.5%, Provincia de Córdoba at 46%, Reba at 47%, Nación at 43%, Galicia at 40%, Macro at 41.5%, BBVA and Santander at 38%, Provincia at 37%, and Masventas at 30%.
  • Channel differences remain material, with Banco Nación offering 43% TNA for electronic placements versus 34.50% in branches, resulting in notably lower in‑person returns.
  • At a 43% TNA, $250,000 yields about $8,835 in 30 days and $1,000,000 returns roughly $35,342; to earn $265,000 in a month requires about $7.5 million at that rate.
  • The pullback followed an early‑September spike, with the BCRA’s Tamar sliding from 67% on September 2 to 45.94% on September 16, and lower yields prompting some savers to consider bonds, funds or dólar MEP.